Elon Musk has significantly increased his ownership in SpaceX after purchasing approximately $1.4 billion worth of company shares from current and former employees last year, according to a recent report.
The transaction, executed through Musk’s trust, was reportedly disclosed in a draft version of SpaceX’s confidential initial public offering (IPO) prospectus.
The move underscores Musk’s continued commitment to strengthening his control and long-term stake in the private aerospace company he founded.
Ambitious Growth Targets and Stock Incentives
In a separate development, SpaceX is said to have approved a compensation plan that could grant Musk an additional 60 million shares if the company meets aggressive valuation and operational milestones.
These include increasing its market capitalization from roughly $1.1 trillion to as much as $6.6 trillion.
The stock awards would reportedly vest in stages, tied to incremental valuation gains of $500 billion.
The incentives are also linked to a bold initiative: building space-based data centers designed to provide computing power for artificial intelligence developers.
IPO Plans and Financial Performance
SpaceX, which confidentially filed for a U.S. public listing in March, is expected to adopt a dual-class share structure.
Under this system, Class B shares—primarily held by Musk and insiders—would carry significantly more voting power than Class A shares offered to public investors.
This approach is intended to preserve internal control even after the company goes public.
Financially, the company has demonstrated strong performance.
It reportedly generated around $8 billion in profit on revenues estimated between $15 billion and $16 billion last year, highlighting its rapid growth in both commercial space operations and satellite-based services.
Limited Confirmation So Far
While the report provides insight into Musk’s expanding stake and SpaceX’s strategic direction, the details have not yet been independently verified. SpaceX has not publicly commented on the developments.
As anticipation builds around its potential IPO, SpaceX remains a focal point in both the aerospace and technology sectors, particularly with its growing role in satellite communications and future AI infrastructure.
